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20130201
20130228
Search Results 0 to 7 of about 8 (some duplicates have been removed)
in china looking to monitor coverage of chinese politics. everyday, state-sponsored spies- - the majority from china-- are infiltrating key government and business computer networks inside the united states. u.s. cyber command estimates american companies are losing $250 billion a year in intellectual property. how often are they coming after us? >> it's more than daily. >> reporter: retired general michael hayden, who headed the c.i.a. and the national security agency, says cyber enemies can do much greater harm. >> most of the stuff out there now is espionage, but in a peculiar way if i can get on your network and steal your stuff i already have the ability to break your stuff. >> reporter: hayden and other security analysts warn critical systems could be knocked out in an attack launched by computer. while no u.s. infrastructure has yet been successfully targeted power grids, transportation systems and financial networks are all potentially vulnerable. until he retired last year, sean henry ran the f.b.i.'s cyber unit. is a serious cyber attack against some critical system in the u.s.
. a strong place for estee lauder is china, with quarterly sales up 28%. the same cannot be said for yum brands and its k.f.c. brand, and sales at those store open for at least a year in china were down 6% in the fourth quarter. k.f.c. was the target of a chinese government investigation into the use of antibiotics in chicken. it expects earnings per share to fall this year, sending shares down 2.9% to their lowest closing price since july. as we reported earlier in the program, the u.s. government officially filed civil fraud charges against s&p credit ratings services, and the shares of its parent company took another hit. mcgraw hill stock fell another 10.7%. the stock was above $58 per share last friday; tonight, it's below $45, losing more than $3.5 billion of market value in two days. while its competitor in bond ratings, moody's, isn't part of the government suit, its shares also have fallen hard, dropping 8.8% today. it has shed more than $2 billion of market value this week. all five of the most actively traded exchange traded products were stronger today. the nasdaq 100 trackin
every day. mandia founder kevin mandia says more than 90% of the attacks he sees come from china and are nearly impossible to stop. >> we've gone from a "we must prevent every attack from occurring" to more the mindset are, "these attacks are inevitable but let's make sure we keep the attackers from our crown jewels." >> reporter: you're saying we shouldn't spend all that much time trying to prevent everything because it can't be done. >> right now, you can't do it. >> reporter: mandia says cyber defenses can be improved if companies share more information about the break-ins. >> everybody needs to get smarter from each breach, almost like a neighborhood watch. >> reporter: but companies want some legal protections before sharing information. they're worried revealing details of attacks could weaken them with competitors and expose them to investor lawsuits. cyber spies have already stolen hundreds of billions of dollars in corporate secrets, everything from plans for military hardware to paint formulas. but mandia warns hackers could do even greater damage. some people have sugg
have seen a lot more positive commentary about the situation in europe, how things are going in china. and it's being backed up by manufacturing data improving, so as we've seen that, we really have more confidence that areas like the odd otos and housing markets in the u.s. are going to continue to gain steam. >> tom: and you're putting that stat germany to work in energy, particularly natural gas. we have seen natural gas prices down to historic lows. why go natural gas producers with production increasing, presumably putting downward pressure on prices? >> well, they have actually a very interesting portfolio of assets and they've really been paring back their assets lately. their focus is on onshore development of assets that have both natural gas and oil and nave literally haltedly the production of natural gas in favor of oil right now, given the price dinnerrial. buttals we start to see the price of natural gas come back they have a tremendous portfolio of assets they can turn on in a heartbeat. over the long term, over the next five to 10 years, we expect 60% of their producti
china and europe has been improving, all of which could boost global energy demand. triple-a predicts prices at the pump will keep climbing, topping out somewhere between $3.60 and $3.80 a gallon this spring. but traders say if you want a quick way to know where prices are headed, watch the stock market: >> oil prices look at equity market as a proxy for demand, or future demand. we are at 14,000 in the dow, no coincidence that we are at the highs of the energy market as well. >> reporter: and the higher price of gasoline comes as workers have less take-home pay, because of the expiration of a payroll tax holiday. so will consumers be forced to cut back spending, hurting economic growth, and stock market performance? >> not necessarily, because rising gasoline prices is usually predicated on a weaker dollar or better economic activity. better economic activity would lead to higher earnings. >> reporter: wolfberg says crude prices would have to jump $10 a barrel, or roughly 10%, before there's a major hit to the u.s. economy. erika miller, "n.b.r.," new york. >> tom: still ahead, the f
Search Results 0 to 7 of about 8 (some duplicates have been removed)